HONG KONG, Aug 23 (Reuters Breakingviews) – Volkswagen’s (VOWG_p.DE) China shortcut sets a tricky roadmap for its western rivals. The $69 billion carmaker plans to invest $700 million in Xpeng (9868.HK) to gain access to the Chinese upstart’s technology, speeding up development of its own electric cars.

Volkswagen’s China shortcut will tempt rivals comes via ChinaTechNews.com.